3 Keys to Wealth Creation

3 Keys to Wealth Creation

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Wealth creationI started reading personal development books from a pretty early age while I was still in high school. My life has become better and better in different aspects as a result not least in the area of money. Making money is high on the priority list of many of us today because of all the things that it can it do for us.

I have read quite a number of books on this subject and learned quite a lot about it. Some of these books include the Rich Dad series of books by Robert Kiyosaki, “The Richest Man in Babylon” by George S. Clason, “The Greatest Salesman in the World” by Og Mandino, “Think and Grow Rich” by Napoleon Hill, and many more.

1. The Right Mindset

Having the right mindset is one of the most important things. If you believe that money is evil you tend to not attract much of it to yourself. The love of money is the root of all evil (1 Timothy 6:10) When you understand that money is just a tool that can be used to do either good or evil things your chances of attracting it into your life are better.

2. Making Money

Using your skills to add value to the lives of other people gives you the opportunity to actually make that money. This may be through a job that you hold or a business that you run that sells products or services to other people. Given that we are in the Information Age there are now so many ways to make money and identifying what works for you, you can make as much or as little as you’re willing to.

Stay away from people that advocate that you can make money by just believing that you can attract it through meditation and things like that; it is very unbiblical and misleading. That is why we have so many lazy people in society who have an entitlement mentality.

3. Financial Planning

Making the money is a good thing but even more important than making money is being able to keep it as well. I have come to learn that it’s not necessarily about how much money you make that determines your level of wealth creation. Your level of wealth will be determined by how well you can keep the money that you make through a sound financial plan.

Isn’t it funny how we hear of some of the top music artists or sportspeople in the world that make millions of dollars going broke? Sounds crazy, right? This is due to a lack of proper financial planning on their part. I have come to appreciate the importance of this particular lesson. On the other hand I’ve seen people that don’t make much in terms of a monthly income but become wealthy in the long term.

Some people have the first and second points in place and are able to make money but lack the ability to manage their money in order to become wealthy. In the next post we are going to look at the different financial plans that one needs to have in order to become wealthy.

When you have a good financial plan in place building wealth becomes a real possibility. Thank you for taking the time to read this post and remember to share it on social media. Let us know what you think by commenting below. Stay tuned for the next post and until next time,

Be all you can be!

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About the author

Sija Mafu is an Online Enthusiast, Personal Development Fan, Global Business owner and a Master in The Art of Living. Also as a devout Christian, his vision is to see young people take responsibility for their lives and create bright futures for themselves, their families and society at large.

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Image Credit: pexels.com Robert Kiyosaki wrote a book